The Stock market lived it up to its historical stereotype of being more volatile in the month of October than other months in the year. The signs were there early on that this month may get ugly due to a mix of variables in the financial markets such as interest rates breaking through key levels above, trade war fears, and midterm elections closing in. This blog post outlines the full technical story of October’s moves as we followed the charts week by week through our weekend blog. Continue reading A Spooky October 2018: Full Month Recap of SPY
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we once again focus on the broad markets as the month of October has been nothing short of bloody. As the daily candles continue to show noise, the weekly candle charts are starting to show oversold levels that have seen reversals in the past. See how the charts turned out from last weekend by clicking here.
Over the summer, we started actively posting charts on StockTwits that we thought were interesting from our platform. As with anything, nothing is close to being 100% in the markets and all traders should do their due diligence before trading anything. For that reason, the point of this post is to not have traders blindly follow us on social media but to understand some of the logic that was behind our reasoning for the post and direction we thought the stock may go. There are plenty of charts that did not go as our post expected but for this particular blog, we focus on explaining the logic for these correct moves. Below are some timestamps we have captured over the last few months!
When it comes to technical trading, few people have an impact big enough for their name to become part of the lexicon of the industry, but John Bollinger is one such person. A long-time market technician, John Bollinger started looking at new ways of determining trading bands, that is areas of support and resistance, through adaptation of moving averages in the early 1980s. Information was hard to find in those pre-internet days, but using a basic microcomputer, John began developing his own approach. Continue reading Trading the Bollinger Bands: How to use multiple Time frames
We were lucky enough to catch this progression of HTGM over just a couple days! Watch this 3 chart series of HTGM breaking out of a symmetrical wedge and then moving to the next level of resistance identified by the TrendSpider platform. The beauty of this is that not one trendline was drawn manually! Continue reading TrendSpider Technical Analysis Progression: HTGM